'Transformers' edges out ‘Spider-Verse' to claim first place at box office

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'Transformers' edges out ‘Spider-Verse' to claim first place at box office
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“Transformers: Rise of the Beasts,” the seventh entry in the series, took the No. 1 spot in its first weekend in North American theaters with $60.5 million according to studio estimates Sunday.

While a $60.5 million opening might not seem like enough to support a $200 million production budget, “Rise of the Beasts” is a movie that will make most of its money abroad. Since 2011’s “Transformers: Dark of the Moon,” international ticket sales have accounted for at least 70% of the global box office total. Two of the seven movies, “Dark of the Moon” and “Age of Extinction,” from 2014, made over $1 billion each.

Sony's “Spider-Verse” sequel fell about 54%. In just two weeks, it's already surpassed the total domestic box office of the first film with $225.4 million in ticket sales and become the highest grossing Sony Pictures Animation release. With terrific reviews in its arsenal, “Spider-Verse” is likely destined for a longer life at the box office, too.

Two other Walt Disney Co. releases rounded out the top five, with “Guardians of the Galaxy Vol. 3” in fourth with $7 million in its sixth weekend and “The Boogeyman," in weekend two, in fifth place with $6.9 million.

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